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KBA

KraneShares Bosera MSCI China A Share ETF

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Investment Strategy:

KBA tracks the MSCI China A International Index: a free-float adjusted market capitalization weighted index that is designed to track the equity market performance of large-cap and mid-cap Chinese securities listed on the Shanghai and Shenzhen Stock Exchanges. The Index is based on the concept of the integrated MSCI China equity universe with mainland Chinese securities included.

KBA features:

  • Access to the Shanghai and Shenzhen Stock Exchanges - which are traditionally not available to U.S. investors - via the RQFII program.
  • KBA tracks the MSCI China A International Index, which represents the Mainland Chinese equities scheduled for inclusion into MSCI's Global Standard Indexes, including the MSCI Emerging Markets Index
  • With $1.6 trillion benchmarked to the MSCI Emerging Markets Index alone1, full inclusion of mainland Chinese equities could see significant flows into the securities KBA owns today.
  • Co-managed by Bosera Asset Management; headquartered in Shenzhen, $91 billion in assets under management, one of the largest Chinese asset managers by assets.2

1.) MSCI Research, as of 6/30/2016 as reported on 9/30/2016, retreived 3/31/2017

2.) Data from bosera.com as of 12/31/2016, retrieved 3/31/2017

Fund Details

Data as of 11/22/2017
TickerKBA
Primary ExchangeNYSE
CUSIP500767405
ISINUS5007674055
Net Assets$308,353,085
Total Annual Fund Operating Expense (Gross) 0.84%
Total Annual Fund Operating Expense (Net) 0.64%*
Inception Date3/4/2014
Distribution FrequencyAnnual

Daily Performance

Data as of 11/22/2017
Premium Discount Chart
NAV
Net Asset Value$35.86 
Daily Change 0.46%
Price
Closing Price $36.02 
Daily Change-0.17%

Performance History

Distributions
Cumulative %
Data as of: 10/31/2017
Fund NAVClosing PriceIndex
1 Month4.02%3.31%3.72%
3 Month8.14%6.96%8.04%
6 Month22.40%21.64%20.53%
Since Inception54.60%54.38%71.39%
Avg Annualized %
Data as of month end: 10/31/2017
Fund NAVClosing PriceIndex
1 Year21.07% 20.55%21.70%
3 Year9.34%8.90%13.09%
Since Inception12.66% 12.61%15.84%
Avg Annualized %
Data as of quarter end: 09/30/2017
Fund NAVClosing PriceIndex
1 Year17.37%16.29%18.53%
3 Year8.84%8.79%12.69%
Since Inception11.73% 11.90%15.07%

*Pursuant to the terms of an Expense Limitation Agreement, Krane Funds Advisors, LLC (“Krane”), the Fund’s investment manager, has contractually agreed to reduce its management fee to 0.58% of the Fund’s average daily net assets until July 31, 2018. The Expense Limitation Agreement may only be terminated prior to July 31, 2018 by the Board.

The Hybrid KBA Index (noted as "Index" above in the chart) consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, and the MSCI China A International Index going forward.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Sector Breakdown

Data as of: 2017/11/22

Market Cap Breakdown

Data as of: 2017/11/22
Data provided by ETF Research Center

Top 10 Holdings

Data as of 11/22/2017
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
PING AN INSURANCE GROUP C
3.59%945,50011,067,797
2
KWEICHOW MOUTAI CO LTD-A
3.18%99,5809,790,639
3
CHINA MERCHANTS BANK-A
2.48%1,634,9007,635,332
4
INDUSTRIAL BANK CO LTD -A
1.78%2,020,5005,496,796
5
MIDEA GROUP CO LTD-A
1.33%480,0524,094,271
6
HANGZHOU HIKVISION DIGITA
1.32%648,1004,080,746
7
CHINA PACIFIC INSURANCE G
1.3%569,4994,004,155
8
CHINA MINSHENG BANKING-A
1.28%2,878,8003,946,363
9
SHANGHAI PUDONG DEVEL BAN
1.27%1,949,9913,899,157
10
SAIC MOTOR CORP LTD-A
1.24%740,5003,825,387

Holdings are subject to change.